ebeam Technologies review

ebeam Technologies

At the beginning of November 2020, the Comet Group signed an agreement with long-time development partner Tetra Pak for the sale of the ebeam lamp business. The service business for ebeam lamps/components delivered in the past, which was not acquired by Tetra Pak, was turned over to SKAN Schweiz AG. These transactions marked a milestone in the implementation of the focus strategy communicated in August 2019. The deal with Tetra Pak closed at the end of November.

Under the terms of the agreement, Tetra Pak eBeam Systems SA acquired the rights to the ebeam technology as well as the resources to develop and manufacture the ebeam lamps. Following the purchase, Tetra Pak is retaining 28 existing employees, almost the division’s entire staff. The ebeam lamps will continue to be produced in the existing manufacturing space in Flamatt, based on a lease agreement between Comet and Tetra Pak.

The ebeam Technologies division, which was dissolved at January 1, 2021, closed the year with EBITDA of CHF 3.3 million (prior year: CHF 6.2 million loss) on sales of CHF 14.6 million (prior year: CHF 15.5 million). EBITDA of CHF 3.3 million includes a one-time gain of CHF 4.0 million from the divestiture to Tetra Pak (for details, see page 71).

Key financials of ebeam Technologies at a glance